NYSE:CFR - Cullen/Frost Bankers Stock Price, News, & Analysis

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$94.41 -2.52 (-2.60 %)
(As of 03/22/2019 09:56 AM ET)
Previous Close$96.93
Today's Range$94.32 - $95.6650
52-Week Range$81.87 - $121.66
Volume21,534 shs
Average Volume267,723 shs
Market Capitalization$5.95 billion
P/E Ratio13.68
Dividend Yield2.73%
Beta1.39
Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services. The company also offers consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. Its international banking services comprise accepting deposits, making loans, issuing letter of credits, handling foreign collections, transmitting funds, and dealing in foreign exchange. In addition, the company acts as correspondent for approximately 203 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services consisting of sales and trading, new issue underwriting, money market trading, advisory services, and securities safekeeping and clearance; and supports international business activities. Further, it offers insurance and securities brokerage services; holds securities for investment purposes; and provides loans to qualified borrowers, as well as offers investment management services to Frost-managed mutual funds, institutions, and individuals. The company operates approximately 134 financial centers and approximately 1,300 ATMs in Texas. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP22989910
Phone210-220-4011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$9.0258 per share
Book Value$51.19 per share

Profitability

Net Income$454.91 million

Miscellaneous

Employees4,370
Market Cap$5.95 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Cullen/Frost Bankers (NYSE:CFR) Frequently Asked Questions

What is Cullen/Frost Bankers' stock symbol?

Cullen/Frost Bankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFR."

How often does Cullen/Frost Bankers pay dividends? What is the dividend yield for Cullen/Frost Bankers?

Cullen/Frost Bankers announced a quarterly dividend on Friday, February 1st. Shareholders of record on Thursday, February 28th will be given a dividend of $0.67 per share on Friday, March 15th. This represents a $2.68 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, February 27th. View Cullen/Frost Bankers' Dividend History.

How will Cullen/Frost Bankers' stock buyback program work?

Cullen/Frost Bankers announced that its Board of Directors has authorized a share repurchase program on Thursday, October 26th 2017, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

How were Cullen/Frost Bankers' earnings last quarter?

Cullen/Frost Bankers, Inc. (NYSE:CFR) released its quarterly earnings data on Thursday, January, 31st. The bank reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. The bank earned $360.93 million during the quarter, compared to analysts' expectations of $344.18 million. Cullen/Frost Bankers had a net margin of 32.44% and a return on equity of 14.38%. View Cullen/Frost Bankers' Earnings History.

When is Cullen/Frost Bankers' next earnings date?

Cullen/Frost Bankers is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Cullen/Frost Bankers.

What price target have analysts set for CFR?

10 equities research analysts have issued 1 year price objectives for Cullen/Frost Bankers' shares. Their forecasts range from $96.00 to $125.00. On average, they expect Cullen/Frost Bankers' share price to reach $108.6250 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price. View Analyst Price Targets for Cullen/Frost Bankers.

What is the consensus analysts' recommendation for Cullen/Frost Bankers?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cullen/Frost Bankers in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cullen/Frost Bankers.

What are Wall Street analysts saying about Cullen/Frost Bankers stock?

Here are some recent quotes from research analysts about Cullen/Frost Bankers stock:
  • 1. According to Zacks Investment Research, "Shares of Cullen/Frost have outperformed the industry over the past three months. Further, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s fourth-quarter results reflected top-line strength, aided by rising loans and deposits, along with lower provisions. However, high expenses and lower fee income were major drags. Although with a rising interest-rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin are likely to grow, the company’s significant exposure to real estate in its loan portfolio remains a concern. Further, rising costs, mainly resulting from expanding franchise, are likely to deter bottom-line growth." (2/12/2019)
  • 2. Maxim Group analysts commented, "1Q18 EPS of $1.61 beat consensus of $1.48, with solid loan growth (1.7% linked-quarter), a 13bp increase in the adjusted NIM, and stable expenses. We are raising our 2018 EPS estimate to $6.45, from $6.25, due to the 1Q18 beat and an improved outlook. Based on our new 2018 EPS estimate, we are raising our price target to $125, from $120. Our new price target equates to 19.4x our new 2018 EPS estimate, which is inline with other best-in-class mid- cap banks." (4/26/2018)

Has Cullen/Frost Bankers been receiving favorable news coverage?

News coverage about CFR stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cullen/Frost Bankers earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the next few days.

Who are some of Cullen/Frost Bankers' key competitors?

What other stocks do shareholders of Cullen/Frost Bankers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cullen/Frost Bankers investors own include Alibaba Group (BABA), Verizon Communications (VZ), Lam Research (LRCX), Baxter International (BAX), NVIDIA (NVDA), Broadcom (AVGO), JPMorgan Chase & Co. (JPM), Home Depot (HD), Humana (HUM) and Cisco Systems (CSCO).

Who are Cullen/Frost Bankers' key executives?

Cullen/Frost Bankers' management team includes the folowing people:
  • Mr. Phillip D. Green, Chairman & CEO (Age 64)
  • Mr. Paul H. Bracher, Pres (Age 62)
  • Mr. Jerry Salinas, Group Exec. VP & CFO (Age 60)
  • Mr. William L. Perotti, Group Exec. VP & Chief Credit Officer (Age 61)
  • Mr. Michael E. Russell, Group Exec. VP & COO (Age 62)

Who are Cullen/Frost Bankers' major shareholders?

Cullen/Frost Bankers' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), FMR LLC (3.62%), Oregon Public Employees Retirement Fund (3.52%), King Luther Capital Management Corp (3.47%), Principal Financial Group Inc. (2.05%) and Lord Abbett & CO. LLC (1.27%). Company insiders that own Cullen/Frost Bankers stock include Annette M Alonzo, Bobby Berman, Candace K Wolfshohl, Carlos Alvarez, Carol Jean Severyn, Cynthia Jane Comparin, Gary C Mcknight, Graham M Weston, Jerry Salinas, Jimmy Stead, Paul Bracher, R Denny Alexander, Samuel G Dawson and William L Perotti. View Institutional Ownership Trends for Cullen/Frost Bankers.

Which major investors are selling Cullen/Frost Bankers stock?

CFR stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Lord Abbett & CO. LLC, Spence Asset Management, Principal Financial Group Inc., Keybank National Association OH, Founders Capital Management, Meeder Asset Management Inc. and Two Sigma Investments LP. Company insiders that have sold Cullen/Frost Bankers company stock in the last year include Bobby Berman, Carol Jean Severyn and Jimmy Stead. View Insider Buying and Selling for Cullen/Frost Bankers.

Which major investors are buying Cullen/Frost Bankers stock?

CFR stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Nordea Investment Management AB, Assenagon Asset Management S.A., King Luther Capital Management Corp, Rhumbline Advisers and Davis R M Inc.. Company insiders that have bought Cullen/Frost Bankers stock in the last two years include Carlos Alvarez, Cynthia Jane Comparin, Graham M Weston and Samuel G Dawson. View Insider Buying and Selling for Cullen/Frost Bankers.

How do I buy shares of Cullen/Frost Bankers?

Shares of CFR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cullen/Frost Bankers' stock price today?

One share of CFR stock can currently be purchased for approximately $94.41.

How big of a company is Cullen/Frost Bankers?

Cullen/Frost Bankers has a market capitalization of $5.95 billion and generates $1.40 billion in revenue each year. The bank earns $454.91 million in net income (profit) each year or $6.90 on an earnings per share basis. Cullen/Frost Bankers employs 4,370 workers across the globe.

What is Cullen/Frost Bankers' official website?

The official website for Cullen/Frost Bankers is http://www.frostbank.com.

How can I contact Cullen/Frost Bankers?

Cullen/Frost Bankers' mailing address is 100 W HOUSTON ST, SAN ANTONIO TX, 78205. The bank can be reached via phone at 210-220-4011 or via email at [email protected]


MarketBeat Community Rating for Cullen/Frost Bankers (NYSE CFR)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  283 (Vote Outperform)
Underperform Votes:  733 (Vote Underperform)
Total Votes:  1,016
MarketBeat's community ratings are surveys of what our community members think about Cullen/Frost Bankers and other stocks. Vote "Outperform" if you believe CFR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CFR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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